HOUSTON, Nov. 10, 2006 (PRIMEZONE) -- Nevada Gold & Casinos (AMEX:UWN) announced today the appointment of Robert "Bob" Farinella as Senior Vice President and General Manager of Tioga and Vernon Downs in New York State. Mr. Farinella is replacing Eric Persson, who has resigned to return to his hometown of Las Vegas to pursue the purchase of a business enterprise. Mr. Persson will be working closely with Mr. Farinella during the transition phase.
Mr. Farinella was most recently President and General Manager of Prairie Meadows Casino and Racetrack in Altoona, Iowa, one of the largest gaming and racing resorts in Iowa. He was responsible for the opening of Prairie Meadows and its subsequent $120 million expansion. He has also served as General Manager of Jumer's Casino Rock Island in Illinois and consulted in the development of various Native American and riverboat gaming facilities. Mr. Farinella started his career in the U.S. military where he was responsible for over 6,000 gaming machines worldwide. He holds a B.A. in Commerce from the University of Maryland and an M.B.A. from the University of Utah.
"We very excited to welcome Bob Farinella as our new Senior Vice President & General Manager to Tioga and Vernon Downs. Bob brings tremendous experience and leadership and we look forward to his future contributions which will enable these two facilities to achieve their optimum potential," said John Arnesen, President and Chief Operating Officer of Nevada Gold & Casinos. "We also want to thank Eric for his tremendous dedication and hard work in getting Tioga and Vernon Downs developed, positioned and operating. We wish him well in his new endeavors."
Forward-Looking Statements
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect," "future," "intend," "plan," and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain additional Indian gaming and other projects. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.
About Nevada Gold & Casinos
Nevada Gold & Casinos, Inc. (AMEX:UWN) of Houston, Texas is a developer, owner and operator of gaming facilities and lodging entertainment facilities in Colorado, California, and New York. The Company owns a 43% interest in the Isle of Capri-Black Hawk LLC, which owns Isle of Capri-Black Hawk and Colorado Central Station, both of which are in Black Hawk, Colorado. Colorado Grande Casino in Cripple Creek, Colorado is wholly owned and operated by Nevada Gold. The Company owns a 40% interest in the Tioga Downs Racetrack & Vernon Downs Racetrack in New York State and has a management contract for both facilities. The Company also works with Native American tribes in a variety of capacities. Native American projects consist of River Rock Casino in Sonoma County, California, a casino to be built in Tulsa, Oklahoma for the Muscogee (Creek) Nation, a casino to be built in Pauma Valley, California for the La Jolla Band of Luisenyo Indians and a casino to be developed by Buena Vista Development Company, LLC in the city of Ione, California for Buena Vista Rancheria of Me-Wuk Indians. For more information, visit www.nevadagold.com.
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